Toys R Us To Open Stores Under New Owner


Third time is hopefully the charm for Toys R Us.

The iconic toy store closed a few years back and then a new owner tried to reinfuse it. That didn’t work, so now WHP Global has purchased a controlling stake in the toy chain's parent company Tru Kids and said they will bring the legacy retailer back to the country.

They hope to have stores open for business before the 2021 holiday season. The company originally filed for bankruptcy in September of 2017 and was unable to emerge from its filing after a devastating holiday season that year.

The good news is, toys had a hot year in 2020 and the trend continues. The company plans on making that a centerpiece of its return.

Source:CNBC